Debt?
22-04-2006 | 03:01 PM
#81
Too many posts.. I need a life!!
Joined: Mar 2005
Posts: 749
Likes: 0
From: warrington
i owe about £5.8k on a loan and £123.97 on a credit card 
if i sold my cars i'd cover about 7 k so i dont class it as debt ... i got the 7k loan to buy a new car, then saved up a bit and got another car aswel.
if i sold my cars i'd cover about 7 k so i dont class it as debt ... i got the 7k loan to buy a new car, then saved up a bit and got another car aswel.
22-04-2006 | 03:16 PM
#82
It Wasnt Me!
Joined: May 2003
Posts: 22,752
Likes: 8
From: Scottyland
I owe feck all, used to wonder how all my mates were in 1-10K debt at the age pf 18/19
Debt is a terrible thing, ive never been in any but would hate to be, i hate even owneing a mate a tenner, pay it as soon as possible!
Debt is a terrible thing, ive never been in any but would hate to be, i hate even owneing a mate a tenner, pay it as soon as possible!
22-04-2006 | 03:54 PM
#83
Guest
Posts: n/a
I'm 26 and owe about 20k roughly, although I have 10k in premium bonds which can be returned to me at any time so depends how you look at it, I could withdraw that 10k and reduce my debt by half, or leave it where it is on the off chance I win a bit of cash, also have a bit of equity in the house so that reduce's my debt a bit. 
Have always been in debt since about 18, started work at 17 on £60 a week, managed to save most of that by spending fook all, living at home and not having a car etc, as soon as the wages went up, it was all over, bye bye money cars are to blame for about 75% of my debt I reckon.
Hopefully when its all payed off I can save a bit and fook off abroad to travel with a view to a permanent move
Have always been in debt since about 18, started work at 17 on £60 a week, managed to save most of that by spending fook all, living at home and not having a car etc, as soon as the wages went up, it was all over, bye bye money
cars are to blame for about 75% of my debt I reckon.Hopefully when its all payed off I can save a bit and fook off abroad to travel with a view to a permanent move
22-04-2006 | 04:19 PM
#84
Professional Waffler
Joined: May 2003
Posts: 30,980
Likes: 9
From: barry-south wales
im 26 and got 1k on a credit card from my holiday in jan,, i could pay it off but its on a intrest free card, so it saving me money having it on there
my friends 24, got around 50k in personal, and got two houses both on morgages
my friends 24, got around 50k in personal, and got two houses both on morgages
22-04-2006 | 04:57 PM
#87
PassionFord Post Whore!!
Joined: Jun 2003
Posts: 4,954
Likes: 1
From: stoke on trent
19 and ive got about £300 on a credit card ive had for 6 weeks, and owe my rents 700 for car insurance. i try not to get into to much debt but i find it easier to borrow money and pay off debt than to save up for something for 2 months or whatever.
None on the car and none on the apartment. Wish I had some loans though cause im skint now lol
22-04-2006 | 05:08 PM
#90
15K+ Super Poster!!
Joined: Apr 2004
Posts: 16,505
Likes: 0
From: Croydon
Owe about £400 to me dad and £500 to the bank and thats it.
VERY different story 5 years ago thou, was 8k in debt. And for as long as I live I am never ever ever getting in debt ever again.
The only thing I am ever gonna borrow money for is a house and thats it.
VERY different story 5 years ago thou, was 8k in debt. And for as long as I live I am never ever ever getting in debt ever again.
The only thing I am ever gonna borrow money for is a house and thats it.
22-04-2006 | 05:17 PM
#92
PassionFord Post Troll
Joined: Jul 2003
Posts: 3,058
Likes: 0
From: Wolverhampton
Originally Posted by Jim Galbally
i need to get in a position where i can get one big loan to cover all the little ones, and then i recon i could have it all paid off in a year.:
I may be wrong but that's how I understand it
22-04-2006 | 05:35 PM
#93
PassionFord Regular
Joined: Jul 2004
Posts: 382
Likes: 0
From: At home in the Forest
Luckily not a penny apart from the mortgage 
However a year after finishing Uni way back in 2000 I was £27k under
Things were tight for a good year or two! Wont go back there again! Only thing worth getting in debt for is property...certainly not my cars!
Dave
However a year after finishing Uni way back in 2000 I was £27k under
Things were tight for a good year or two! Wont go back there again! Only thing worth getting in debt for is property...certainly not my cars!Dave
22-04-2006 | 05:41 PM
#94
Guest
Posts: n/a
Originally Posted by MWF
Originally Posted by Jim Galbally
i need to get in a position where i can get one big loan to cover all the little ones, and then i recon i could have it all paid off in a year.:
I may be wrong but that's how I understand it
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